rev up your engine today I'm gonna talk about why a cheaper car is often a
better thing to have than an expensive car I am the master of owning cheap cars
I've been driving over 50 years and those 50 years from my own personal cars
I have spent less than $7,500 total of all the cars that I've owned and drove
myself now I'm not including my wife's car like this Lexus hey I bought that
used for $3,000 with only 60,000 miles on it so even there I'm careful with my
money now I do have to admit most of them were Toyotas now I did start out
with an Opel that I paid five hundred and fifty bucks for then I got a Ford
Maverick that had paid 500 bucks for then I went wild my god in 1981 Toyota
Corolla sr5 hatchback which I had to pay $5,000 for but that one lasted me almost
30 years so you know I'm happy with that then I got my venerable solid car for
about 350 bucks and it's still running fine now some people think it's just a
prop but watch
starch every time AC still blows ice called now I mainly buy cheaper cars
cuz I'm cheap myself I don't like wasting on cars but there's other
reasons you can get cheap cars too some people get bored with driving a car too
long they hate me cuz I don't but you can keep buying different chute cars you
buy a really nice used car or brand new car
the depreciation on those the first few years of ownership is insane but a cheap
car it's already depreciated I don't have to worry about that and the main
thing is you want to get it where there's still got a bunch of the
lifespan left but you're not paying much for it no I don't like driving Junkers
around for example when I bought this thing for like 350 bucks with text the
front bumper it was jolly she had a dent in the fender so I did have to spend 800
bucks with my paint body I fixed the founder and to paint the car all one
color even with that 800 bucks that still kept me under 7,500 bucks for all
the cars I've ever bought now let's say you're not as cheap as me and you're
gonna buy a new car even then you're better off buying a cheaper one I had a
customer buy bottom design Lexus and he bought body kits bolted stuff on then he
took to a paint guy to paint it to max of paint he had a real swanky one for a
lot less than if you would have bought it at the dealer that way same thing here
this is a 2002 but it's got modern halo headlights on it because I bought them
from China and put them on I've even had some extreme costumers if they wanted
leather seats but the leather ones cost so much more they looked around if
salvage yards they bought leather seats that were in good shape and bolted them
in their car instead of paying outrageous price the dealer wanted
for them and of course one big advantage of a cheap cars they come pre scratched and
pre dented there's nothing worse than buying something new and then you get
the first scratch or a dent you know what's gonna happen in our society
people are slobs they're gonna be in a parking lot they're gonna open the door
even worse they're gonna bump into it with her bumper and just take off
you got a cheap car you're not gonna worry that much about it you worry less
about your insurance costs you buy a car to cost 50 60 grand brand-new the
insurance is high cuz if it gets stolen they gotta pay for it you buy a car
that's a cheap car you don't have to worry about high insurance rates I
realized an expensive car you got try to find the
perfect car for all your knees a lot of times there is no perfect vehicle
take for example hey you want to haul some stuff around maybe you want a
pickup truck but you don't want to drive it around all the time well buy a cheap
one you can use it when you need to haul stuff like my son does outside of Boston
I gave my Toyota Tacoma it was all rusty but he's still driving it years and
years later you might not want to use it all the time but if you're buying cheap
cars and buy more than one and maybe you need to make a commute to work you can
buy an old Toyota Corolla for a Honda Civic and use that for you're just not
around car you no need to spend a small fortune trying to figure out the right
vehicle and then find out one of them does not fit everything you want and of
course one big advantage of cheaper cars if you pick the right ones
the parts are cheaper because when you get older
aftermarket will start making parts for instead of you got a car that's a year or two
old you got to buy an expensive part you can get parts from all over the place
for a fraction of what the new ones cost no here of course you want to stick to
common cars that are very popular in your area then you can get parts for I'm
not a Volkswagen fan I personally can't stay into things anymore but in Europe
they're real big and you can get parts water and people can fix them so buying
a cheap used Volkswagens good idea in Europe even though I'm not by your very
good idea in the United States of course another advantage of a cheaper car is
parking is easy you're not worried I have had many customers some of them
we're friends I got to dinner with them they driving her BMW and they'd have to
park away from people but they want to park where they can still see the car
from the restaurant window and they were always looking out the car to make sure
nobody was running into it you got a cheap car with things in it you're not
gonna be worrying about that stuff and of course the biggest advantage of
buying a cheaper car is you don't have any monthly payments I've never had
monthly payments except on my house hey after about 15 years I paid all that off
anyways it sound like monthly payments get out like monthly payments get a
cheaper car take my case fifty years of driving cars I spent less than seventy
five hundred bucks on all of them if you had a monthly payment of 300 at same
period of time you would have spent one hundred and eighty thousand dollars
different than 7,500 you can certainly get where I'm coming from here the
savings can be immense realize most cars you buy are the worst investment you'll
ever make you buy it and the value just goes down not like a house I paid 80
grand for this house now the Lots were more than half a million
dollars you're not necessarily go whose money buy the house but you're certainly
gonna lose money buying most normal cars that people drive around in connect your
cheap car look nice you can always get a fancy paint job on it make it look nice
and shiny put on fancy rims whatever you want to add on and of course if you're
like me and you're cheap in when you do that go to a salvage yard there's plenty
of the fancy cars already wrecked you can take the wheels off of them stuff
like that you don't need to buy brand new when cars get older there's all
kinds of parts available for them that don't cost a fortune even if they're not
brand new parts hey wheels are wheels as long as they're not bent they're gonna
work perfectly fine and of course you get a good cheaper car it's withstood
the test of time like the Celica they're still running good that meant they were
well built let's say you buy a brand-new expensive car that's got a new design
engine or transmission the brakes found later you're screwed you're gonna have
to pay a fortune these things are tried and trued the ones that broke aren't on
the road anymore you can get one that's already been
casted out that's the main reason I tell people never buy a new model of anything
out there when it's a radical engine or transmission change body styles who
really cares that doesn't matter but engines the transmissions you want ones
that have been proven to last a long time so now you know why buying a
cheaper car can be a very wise decision, so if you never want to miss another one
of my new car repair videos, remember to ring that Bell